read the above post and write a post back in agreement citing at least one quote for the economics textbook 23rd edition

Give an example illustrating how a firm acting out of self-interest to maximize its profits by supplying goods or services in economic markets benefits consumers - even if it does not care about them. In other words, how does self-interest help achieve society's economic goals? Businesses operating in self-interest can still benefit society and consumers by aiming to increase profits through efficiency and innovation. For instance, in order to be competitive in the worldwide market, Apple Inc. consistently creates new iPhones, Macs, and services. Even though Apple's main goal is to make more money, its pursuit of profit also improves product performance, design, and dependability, all of which are advantageous to customers. Apple's competitive strategy prioritizes product quality, innovation, and efficient operations to meet customer demand and sustain profitability, according to the company's 2024 annual report (Apple Inc., 2024). Adam Smith's invisible hand, which holds that businesses that act in their own self-interest unintentionally advance social welfare by providing goods and services that people value, is supported by these actions [Flynn, 2023). Give an example illustrating how a firm acting out of self-interest can have deleterious effects on consumers. Why might consumers allow firms to behave in this way? Are there ways in which a firm acting out of self-interest might be harmful to society? Consumers may suffer from self-interest in marketplaces that lack openness or effective competition. In order to boost profit margins, companies in the pharmaceutical sector may set exorbitant prices for necessary prescription drugs. Because they limit access for low-income consumers while increasing corporate gains, such pricing techniques lead to market failures (Flynn, 2023). Because of knowledge asymmetry, brand dependency, or a lack of alternatives, consumers may put up with these practices. Profit objectives can often work against consumers, as evidenced by Apple's use of proprietary repair restrictions and high product pricing. despite its good benefits (Apple Inc., 2024]. Furthermore, negative externalities like contamination of the environment or unethical labor practices showcase how acts driven by profit can have social implications outside of the marketplace. What is the relationship between self-interest and social interest in the economic decision (economic choice) process? Is there a conflict between the two in the economic world? In competitive marketplaces, self-interest and social interest should ideally coincide. Society gains from increased productivity, jobs, and higher living standards when businesses innovate or cut prices to draw in customers (Flynn, 2023). One example of how a business can balance profit-seeking behavior with environmental and social responsibility is Apple's dedication to sustainability and energy-efficient production, as detailed in its 2024 report (Apple Inc., 2024]. But when competition is distorted by monopolies, pollution, or false information, conflict results. To realign private incentives with public good in these situations. ethical corporate governance or government regulation is required. Do people always make rational decisions? What are the factors that lead to bounded rationality? What are the factors that lead to irrational economic decisions? Real-world actions are frequently constrained by bounded rationality, despite economic theory's assumption that people behave rationally to maximize their own interests. Bounded rationality, according to Flynn (2023), is when people choose decisions that are satisfactory rather than ideal because they have limited time, information, or cognitive capacity. For example, because a well-known brand like Apple seems reliable or handy, people could buy it without considering other options. On the other hand, emotional or psychological biases, such as overconfidence in investing, fear of missing out, or impulsive buying, impact irrational judgments. These actions depart from purely logical thinking and may result in inefficient marketplaces and individual results